Waec Model Questions Vol1 2024 Economics Question 33
Practice objective / multiple choice question 33 from the 2024 Waec Model Questions Vol1 Economics examination.
A manufacturing firm has total cost TC(Q)=5,000+20Q‑0.1Q²+0.005Q³ (₦) where Q is output units. The market price is fixed at ₦150 per unit. Determine the output level (in whole units) that maximises profit and state the maximum profit.
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About This Question
This is Waec Model Questions Vol1 2024 Economics Question 33. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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